RE: Due Diligence is DONE - The clock is ticking - executing a final contract for sale11 Nov 2021 14:22
EUAInvestor, they have quite a few things going on. Asset sales and asset acquisitions, at the time of the banks arriving it was a disposal of both assets at that time they were looking at, which was WK and MT at that stage -
"If the Company was to dispose of both of its Assets, then AIM Rule 15 (Fundamental Changes of Business) would apply. Such a disposal would require shareholders' consent, an announcement which contains the information set out in Schedule Four to the AIM Rules; and be accompanied by a circular containing the details of the disposal and convening a general meeting to approve it."
Rosgeo JV assets could also go, into a JV with someone or sold via ROFR to the original MT buyer, we can only wait and see what will happen with the Rosgeo JV assets. Everything is being JORC'd, DFS and mining plan for MT, Flanks and the Rosgeo JV as per the relevant RNS.
GLA